The Finance Ministry in Kuala Lumpur has issued a warning to the public about offers from irresponsible parties providing cash-out or peer-to-peer transfers of eMadani credit. The ministry emphasized that it will not bear any responsibility for any losses incurred as a result.
In a statement released on Monday (Dec 4), the ministry urged the public to be cautious of scammers and to avoid falling for anyone offering eMadani credit cash-out services.
The ministry stated, “This is to prevent eMadani beneficiaries from becoming victims of scammers and subsequently losing their eMadani credit.”
“We advise members of the public to exercise caution with such offers.”
“We will not be held accountable for any loss of eMadani credit from peer-to-peer transfers or cash-out transactions.”
The statement also mentioned, “If there are reports of cases involving peer-to-peer transfers and cash-outs, the government will take strict action against the offenders by blocking their accounts and confiscating the e-credit.”
Furthermore, it was clarified that the eMadani credit cannot be used for certain transactions, including peer-to-peer transfers and cash-outs.
“It can only be utilized for physical purchases through the participating e-wallets, at 1.8 million retailers and businesses nationwide.”
“Registration for the eMadani program is open from now (Dec 3) until Feb 20, 2024. For more details, visit https://manfaat.mof.gov.my/individu/eMADANI.
